PYMNTS-MonitorEdge-May-2024

New York

New York Readies AI Rules as California Picks Regulation Panel
New York Readies AI Rules as California Picks Regulation Panel
October 09, 2024  |  artificial intelligence

As California and New York race to regulate artificial intelligence (AI), a new study predicts the AI governance market will explode to $5.78 billion by...

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Meta, Klarna and Spotify Join Call for EU Regulations for AI
Meta, Klarna and Spotify Join Call for EU Regulations for AI
September 25, 2024  |  Artificial Intelligence

As European tech leaders urge regulatory clarity to stay competitive in artificial intelligence, New York lawmakers contemplate stricter controls, highlighting the global struggle to balance...

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NYDFS Issues Guidance for Insurance Companies’ Use of AI
NYDFS Issues Guidance for Insurance Companies’ Use of AI
July 11, 2024  |  Insurance

Insurers’ use of artificial intelligence (AI) must not discriminate against consumers, New York State Department of Financial Services (DFS) Superintendent Adrienne A. Harris said Thursday...

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Musk: X Close to Landing NY and CA Payment Licenses
Musk: X Close to Landing NY and CA Payment Licenses
March 07, 2024  |  Digital Payments

Elon Musk says X could soon receive money transmitter licenses from New York and California. The license from California could come in the next month or so,...

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New York DFS Announces Settlement With Gemini Trust
New York DFS Announces Settlement With Gemini Trust
February 28, 2024  |  Legal

The New York State Department of Financial Services (DFS) said Wednesday (Feb. 28) that Gemini Trust Company has agreed to return at least $1.1 billion to customers of its...

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Will NY’s New Limits Herald the End of Credit Card Surcharges?
Will NY’s New Limits Herald the End of Credit Card Surcharges?
February 12, 2024  |  Credit Cards

State by state, limit by limit, the age of credit card surcharges may be drawing to an end. And while much depends on various legal...

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New York Sues Citi for Allegedly Failing to Protect and Reimburse Fraud Victims
New York Sues Citi for Allegedly Failing to Protect and Reimburse Fraud Victims
January 30, 2024  |  Legal

New York Attorney General Letitia James accused Citi of failing to protect fraud victims. In a lawsuit filed Tuesday (Jan. 30), the state’s top prosecutor...

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New York State Comptroller Raises Concerns About Crypto-Focused BitLicense Program
New York State Comptroller Raises Concerns About Crypto-Focused BitLicense Program
January 08, 2024  |  Cryptocurrency

The Office of the New York State Comptroller raised concerns about the Department of Financial Services’ oversight of the cryptocurrency industry. The office released a...

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New Wage Regulations Are Transforming the Economics of Restaurant Delivery
New Wage Regulations Are Transforming the Economics of Restaurant Delivery
December 28, 2023  |  Delivery

With changing wage laws shaking up the economics of restaurant delivery, key players have begun changing their approach. For instance, in California, a new minimum...

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